Issue Highlights:

Issue Opens	Wednesday, May 25, 2016	Minimum Application	10 NCDs (Rs.10000) & in multiple thereafter
Issue Closes	Friday, June 10, 2016	Issue Price	Rs. 1000/- per NCD
Registrar	Karvy Computershare Private Ltd.	Face Value	Rs. 1000 per NCD
Listing On	BSE	Debenture Trustee	Axis Trustee Services Limited
Credit Ratings	"CARE AAA" by CARE, "IND AAA" by India Ratings
Lead Managers	Edelweiss Financial Services Ltd., ICICI Securities Ltd., A. K. Capital Services Ltd., JM Financial Institutional Securities Ltd., SBI Capital Markets Ltd., Trust Investment Advisors Private Ltd. & Yes Securities (India) Ltd.
Issue Size	Base Issue Size of Rs. 25,000 lacs with an option to retain oversubscription up to the Shelf Limit, i.e. up to Rs. 1,00,000 lacs

*Effective Yield (p.a.):

Frequency of Interest Payment	Quarterly			Annually			Cumulative
Tenure	66 months	84 months	120 months	66 months	84 months	120 months	66 months	84 months	120 months
Category I & II	8.60%	8.71%	8.80%	8.61%	8.70%	8.80%	8.60%	8.70%	8.80%
Category III & IV	8.71%	8.80%	9.00%	8.71%	8.80%	9.00%	8.70%	8.80%	9.00%

Business Overview:

The Company is one of the leading non-banking finance companies ("NBFCs") with customers primariliy in the rural and semi-urban markets of India. They are part of the Mahindra group, which is one of the largest business conglomerates in India. They are primarily engaged in providing financing for new and pre-owned auto and utility vehicles, tractors, cars and commercial vehicles. They also provide housing finance, personal loans, financing to small and medium enterprises, insurance broking and mutual fund distribution services. In addition to other services, they also provide wholesale inventory-financing to dealers and retail-financing to customers in the United States for purchase of Mahindra group products through Mahindra Finance USA LLC, Their joint venture with a subsidiary of the Rabobank group.

Their Company was incorporated in 1991 and commenced operations as a finance company in 1993. Their Company was registered as a deposit-taking NBFC in 1998 and have since established a pan-India presence, spanning 26 states and 5 union territories through 1,167 offices as of March 31, 2016. Their Company caters to the financing needs of retail customers and small and medium-sized enterprises. Their Company primarily focusses on providing financing for purchases of auto and utility vehicles, tractors, cars, commercial vehicles and construction equipments and pre-owed vehicles and others which accounted for 30.4%, 14.7%, 22.3%, 11.2% and 21.4% of estimated total value of the assets financed, respectively, for the year ended March 31, 2016. They benefit from their close relationships with dealers and their long-standing relationships with OEMs, which allow us to provide on-site financing at dealerships.

Objects for issue:

The Company proposes to utilise the funds which are being raised through this Tranche 1 Issue, after deducting the Tranche 1 Issue related expenses to the extent payable by our Company ("Net Proceeds"), estimated to be approximately Rs.98,864.88 lacs, towards funding the following objects (collectively, referred to herein as the "Objects"):

a) For the purpose of onward lending, financing, refinancing the existing indebtedness of our Company, longterm working capital

b) General corporate purposes

Allotment is on First Come First Serve Basis

Click here to download the prospectus of this NCD Issue.

Category I includes Institutional Investors | Category II includes Non Institutional Investors | Category III includes Individuals